Metal

Rio Tinto has voiced its opposition to a proposal from some shareholders to consolidate its dual-exchange share listing in Sydney. This announcement comes as the mining giant reported its smallest full-year underlying earnings in five years. Key Highlights:Opposition to Listing Change: CEO Jakob Stausholm stated that the company does not support the push for a […]

Ancora Holdings, an activist investor, is escalating its campaign against U.S. Steel (X.N) by demanding access to a range of board records, including minutes and financial documents. This move comes as U.S. Steel navigates a legal challenge to its proposed merger with Japan’s Nippon Steel (5401.T). Key Highlights:Boardroom Challenge: Ancora launched its challenge last month, […]

A Chinese company has ceased exporting a key piece of equipment used in processing lithium, marking a significant response to proposed export controls from Beijing amid escalating trade tensions. Jiangsu Jiuwu Hi-Tech (300631.SZ) informed customers last month that it would stop exporting filtration equipment known as a sorbent starting February 1. Key Highlights:Impact of Export […]

Anglo American Platinum (Amplats) announced on Monday that it will distribute an additional cash dividend of $856 million ahead of its planned spinoff into a standalone unit. This decision comes despite a 40% decline in annual profit, which fell to approximately 8.4 billion rand (about $456.7 million) due to lower platinum-group metal (PGM) prices affecting […]

BHP, the world’s largest listed miner, has reported its lowest first-half profit in six years, logging an underlying attributable profit of $5.08 billion for the six months ending December 2024. This figure marks a 23% decline from the previous year, yet it slightly surpasses analysts’ expectations. Key Highlights:Economic Recovery Signs: BHP’s CEO, Mike Henry, noted […]

Chinese electric vehicle manufacturer BYD has taken a significant step into the mining sector by acquiring mineral rights for two plots in Brazil’s lithium-rich region, as revealed by public records. This move marks BYD’s most definitive foray into mining strategic minerals in the Western Hemisphere, particularly in its largest market outside of China. The acquisition, […]

Discussions between Ukrainian President Volodymyr Zelenskiy and U.S. Vice President JD Vance in Munich ended on Friday without finalizing a critical minerals deal crucial for Ukraine’s economic collaboration with the United States. The meeting aimed to secure U.S. investment in Ukraine’s vast mineral resources amid ongoing concerns about security guarantees against Russia. Key Highlights:Meeting Overview: […]

Gold prices are experiencing a significant upswing as investors react to economic uncertainties, particularly surrounding U.S. import tariff plans. While the precious metal approaches the ambitious target of $3,000 per ounce, bearish indicators are also starting to surface. Key Highlights:Record Price Surge: Gold (XAU) has started 2025 on a high note, achieving eight record highs […]

Barrick Gold Corp. is poised to resume operations at its Loulo-Gounkoto mine in Mali, contingent upon receiving permission from the Malian authorities to restart gold shipments. CEO Mark Bristow made this announcement during a recent interview with Reuters. Key Highlights:Background of the Dispute: Barrick has been embroiled in a conflict with the Malian government since […]

Australia’s parliament has successfully passed legislation aimed at providing significant tax incentives for the production of critical minerals and renewable hydrogen. This initiative is part of the country’s broader strategy to achieve net zero emissions by 2050 and reduce reliance on China for essential resources. Key Highlights:Tax Incentives Overview: The new law offers a 10% […]